Question: 2. Using the information provided below, calculate net Income for 2001. Assume a tax rate of 40 percent Year 2:01 Inventory $5,000 Revenues 200,000 Depreciation

2. Using the information provided below, calculate net Income for 2001.

2. Using the information provided below, calculate net Income for 2001. Assume a tax rate of 40 percent Year 2:01 Inventory $5,000 Revenues 200,000 Depreciation expense 5,000 Cost of goods sold 100,000 Interest expense 10,000 Operating expenses 30,000

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